Express

FTX Moves Digital Assets to Cold Wallets Following Unauthorized Transactions

Katie Lin

Summary: FTX US General Counsel Ryne Miller said the crypto exchange moved its digital assets after a series of suspicious transactions on Friday evening. $600 million worth of crypto were transferred from FTX’s wallets, with no clear explanation as to why. Many customers also reported of seeing empty balances in their wallets. “FTX US and FTX ...

FTX US General Counsel Ryne Miller said the crypto exchange moved its digital assets after a series of suspicious transactions on Friday evening.

$600 million worth of crypto were transferred from FTX’s wallets, with no clear explanation as to why. Many customers also reported of seeing empty balances in their wallets.

“FTX US and FTX [dot] com initiated precautionary steps to move all digital assets to cold storage…to mitigate damage upon observing unauthorized transactions," Miller said.

Author: Katie Lin

Last Update:

Tags: ,,
Link: FTX Moves Digital Assets to Cold Wallets Following Unauthorized Transactions   [Copy]
  • The GENIUS Act & Stablecoin Regulation: BRG's Dominic Zagara on Crypto's Defining ... 2 days ago
  • Bitcoin Weekly Analysis: Volume-Price Divergence and High-Level Consolidation Anticipat... 5 days ago
  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 6 days ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 9 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 10 days ago
  • You need to login to comment.